Major reinsurers hope for light to moderate reinsurance rate increases in January

This week see's the global reinsurance industry meet up in Monte Carlo in the south of France for the annual Rendez-vous de September event. At this key industry meeting, executives from the world's largest reinsurers and brokers meet with each other and with some clients to discuss industry trends and read the full article →

Extraordinary deal flow has significant impact on secondary market for insurance-linked securities

A strong flow of new catastrophe bond deals coming to market during March continued the trend for an active primary insurance-linked securities market (ILS) and continued to have an impact on secondary market ILS prices, according to Swiss based investment manager and private bank Clariden Leu in their latest fund read the full article →

Reduced secondary market catastrophe bond prices an opportunity for new investors

Regular readers of Artemis and those actively involved in the catastrophe bond and insurance-linked securities market will be fully aware that secondary market cat bond prices have been sliding in recent months. We've written many articles in recent months which references this downward pressure on cat bond price returns which read the full article →

Outstanding ILS and cat bond prices tighten dramatically in February

The secondary market for outstanding insurance-linked securities and catastrophe bonds showed a dramatic tightening of prices in February, according to Swiss based investment manager and private bank Clariden Leu in their latest fund performance report. This is notable for this market, say Clariden Leu, given that it is generally quite read the full article →

Reinsurance price increases influencing new catastrophe bond prices

Many reinsurers have been reporting price increases in their catastrophe renewal business for 2012 particularly in regions which have been affected by the high insured losses of 2011. According to Zurich based Plenum Investments, an investment manager with a focus on insurance-linked securities, the strong demand for catastrophe reinsurance has read the full article →

Secondary cat bond market trading muted in December

Activity in the secondary catastrophe bond market was muted in December as many of the investors involved in the insurance-linked securities space turned their focus to collateralized reinsurance opportunities and the January renewals, says Plenum Investments, a Zurich based investment manager with a focus on the ILS asset class. This change read the full article →

How secondary cat bond pricing reacted to approaching hurricane Irene

As hurricane Irene approached the U.S. eastern seaboard catastrophe bonds changed hands rapidly showing liquidity in the marketplace. we wrote about this before here just after the event, but an interesting graph from Guy Carpenters recent Q3 ILS market report really shows the fluctuation in secondary market cat bond prices read the full article →

Cat bond funds expect prices and returns to stabilise

This year has been much harder than normal for the managers of cat bond funds and insurance-linked securities funds. More used to giving their investors great, non-correlated returns on a regular, monthly basis, cat bond funds have had to get used to monthly declines and a pattern of negative returns read the full article →

Secondary catastrophe bond market saw moderate activity in October

The secondary market for catastrophe bonds and insurance-linked securities saw moderate trading activity during the month of October with some activity being sparked by the new cat bond issuances that came to market. Often when new deals launch investors adjust their portfolios to keep their diversification optimal and to allow read the full article →

Secondary cat bond market active in September, Mariah Re bonds the main losers

September saw another active month of activity in the secondary market for catastrophe bonds although not all of that activity resulted in trades as some investors failed to make the acquisitions they sought and place their excess capital. There were no new primary market cat bonds at all in September, read the full article →